220 Remington Ln LOT 6SmithvilleTN37166
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Smithville at 220 Remington Ln LOT 6, Smithville, TN, 37166 generates $1,680/mo in rent and, after a $1,317/mo payment, leaves $69/mo in cash flow. Total monthly income is $1,680/mo, and annual cash flow is $832/yr on $89,174 invested. Return on cash invested sits at 20.84% in year one, and rental yield is 7.49% on a $269,000 entry. Equity gained on principal adds $1,736/yr, while 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 107.63% and total cumulative return in cash sums $95,975. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,680/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 37166, Smithville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,141 (100%) |
| Owner Occupied HU | 4,280 (59.9%) |
| Renter Occupied HU | 1,801 (25.2%) |
| Vacant Housing Units | 1,060 (14.8%) |
| Median Home Value | $242,188 |
| Average Home Value | $348,801 |
Housing Distribution
Address Breakdown
Residential
6,525
Single Family
6,463
Multi-Family
62
Businesses
465
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Josiah Smith • Castle Heights Realty
Mls Name: RealTracs MLS as distributed by MLS GRID
Mls ID: #2971848